Sequoia Furniture Company's sates ovet the past three months, thalf of which are for cast, were as follows: 1. Assume that Sequola's collection period is 60 days. What would be its cash receipts in May? What would be its accounts receivab balance at the end of May? 2. Now assume that Sequola's colsection penod is 45 day . What would be its cash receipts in May? What wosid be its accounts receivable balance at the end of May